Amendment to VAT Act for 2021: Simplification not only for e-shops?

Are you offering your goods via e-shops? Shipping low-value consignments directly to end users also from countries outside the EU? Organising training seminars, concerts, trade fairs or sports events across the EU? Be on the alert and prepare…

When does entitlement to VAT deduction arise on provision of export insurance?

The Coordination Committee of the General Financial Directorate and the Chamber of Tax Advisors have discussed the entitlement to VAT deduction on insurance provided in connection with the export of goods to a third country. A few situations that…

OP EIC: deadlines prolonged and funds for allocation increased

The deadlines for submitting applications to participate in certain programmes under the Operational Programme Enterprise and Innovations for Competitiveness (OP EIC) have been extended. Moreover, funds for allocation within the Innovation programme…

Coordination Committee: correction of tax base for bad debts – knowledge test

The Coordination Committee of the General Financial Directorate and the Chamber of Tax Advisors of the Czech Republic has finalised its discussion paper concerning the ‘knowledge test’, i.e. whether a creditor knew, should, or could have known at…

Opportunities for subsidies in 2021

Below we provide up-to-date information on subsidy programmes available in 2021. The Technology Agency of the Czech Republic (TA CR) has clarified the conditions for participating in the TREND programme, while a new call focusing on energy savings…

What’s new in tax for employers and employees in 2021?

The most crucial changes undoubtedly are the abolition of the super-gross wage and the solidarity tax surcharge and the introduction of progressive taxation using two rates, 15% and 23%, the second one applicable to income exceeding the set…

New Year with the new Tax Procedure Code!

The amendment is relatively extensive, thus affecting the lives of all taxpayers. The main areas concern: the possibilities for using tax information mailboxes; changes in deadlines for filing tax returns; a revision of the sanction and penalty…

VAT on the lease of real estate

On 1 January 2021, a provision of the VAT Act restricting the option to tax leases of selected real estate entered into effect. At the end of 2020, the General Financial Directorate (GFD) issued information to ensure a better understanding of the…

The GFD issues additional information on reporting under DAC 6

The General Financial Directorate (GFD) has published a list of questions and answers on the new obligation to report cross-border arrangements (DAC 6 reporting).

2021 tax package

The Chamber of Deputies has passed an amendment to the tax laws for 2021 (Print No. 910) in the third reading. The bill is now to be debated by the Senate. The most important changes that the tax package introduces to income tax are the abolition of…

Last calls under OPEIC

The end of the programme period for the Operational Programme Enterprise and Innovation for Competitiveness (OPEIC) is approaching, but support may still be drawn. On 24 November 2020, the Ministry of Industry and Trade announced another call under…

Practical pitfalls of quick fixes

An amendment to the VAT Act implementing long-awaited changes to the intracommunity supply of goods (quick fixes) entered into effect on 1 September 2020. We may already comment on the first practical implications for taxpayers and on solutions to…